Stocks climbed as gains in giant technology companies drove the Nasdaq 100 to a record, tempering concern that a recovery from the pandemic-induced recession will need more time. Treasuries rose.
Economists forecast that South Africa’s economy is likely to grow strongly in the third quarter of 2020 after the coronavirus pandemic caused a major contraction in Q2 2020.
The National Education, Health and Allied Workers’ Union (Nehawu) says that it will move ahead with plans to strike against the government’s refusal to increase public servants’ salaries and a failure to offer adequate personal protective equipment (PPE) against the coronavirus.
Parliament scraps the controversial Road Accident Benefit Scheme; hotels and related businesses still suffering, with international travel the next hurdle; SA banks have put up R537 billion in relief funding for customers during lockdown; and the ANC says it is perfectly happy having corruption accused Zandile Gumede warming up the back benches of its KZN legislature.